This year is done and it has been very volatile, especially for copper prices and they were at an all-time high this year. Today is a good day because there has been a decline in the US dollar, but the prices are off 12 percent from their highs this year.
- Commodities Weekly Research Report 08-02-16 to 12-02-16
- Sensex Kiss All-Time High
- Gold Silver May Trade in Range With Eye on Fed Statement
- Brexit likely to turn Gold volatile this week
- Gold MCX Volatile Movement, Level 30270-30730
We did see copper prices at an all-time high at $10,747 per tonne, currently trading at $,9600 for the year, it is still 23 percent on the higher side. The availability is pretty much on the higher side.
Production for the next year is expected to be 3.9 percent higher which is going to be the highest in eight years. Consumption at 2.4 percent up is going to be lagging the kind of supply that you might be looking at next year.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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